EURUSD - Technical Outlook 15:35 (CET)

By IBT Staff Reporter On 11/17/09 AT 11:39 AM

The pair is trading lower, finding some difficulties to break the support at 1.4870 dollars per euro. Traders are waiting for the pair's evolution, now the US session is open.The bands of Bollinger show a volatility of 130 pips in the hour, while the one hour candles RSI is clearly oversold.

If the trend reverts, the next resistance is at 1.4905, while the next downside target is at 1.4820 dollars per euro.